Viavi Solutions Inc. (NASDAQ:VIAV) Shares Acquired by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its position in shares of Viavi Solutions Inc. (NASDAQ:VIAV) by 44.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,938 shares of the communications equipment provider’s stock after buying an additional 4,875 shares during the period. Sanctuary Advisors LLC’s holdings in Viavi Solutions were worth $144,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of VIAV. nVerses Capital LLC grew its stake in Viavi Solutions by 24.0% during the 3rd quarter. nVerses Capital LLC now owns 11,900 shares of the communications equipment provider’s stock worth $107,000 after buying an additional 2,300 shares during the last quarter. Capital Performance Advisors LLP bought a new position in shares of Viavi Solutions during the third quarter worth about $25,000. KBC Group NV increased its holdings in shares of Viavi Solutions by 53.0% in the 3rd quarter. KBC Group NV now owns 9,388 shares of the communications equipment provider’s stock worth $85,000 after acquiring an additional 3,252 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Viavi Solutions by 7.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,761 shares of the communications equipment provider’s stock valued at $530,000 after purchasing an additional 4,043 shares during the last quarter. Finally, QRG Capital Management Inc. raised its holdings in shares of Viavi Solutions by 29.2% during the third quarter. QRG Capital Management Inc. now owns 23,959 shares of the communications equipment provider’s stock valued at $216,000 after buying an additional 5,420 shares during the last quarter. Institutional investors own 95.54% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Stifel Nicolaus increased their price objective on Viavi Solutions from $10.50 to $12.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Needham & Company LLC reissued a “hold” rating on shares of Viavi Solutions in a report on Monday, December 16th. StockNews.com cut shares of Viavi Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Northland Securities increased their target price on shares of Viavi Solutions from $11.00 to $13.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Morgan Stanley reiterated an “underweight” rating and set a $9.50 price target (up from $8.00) on shares of Viavi Solutions in a research report on Tuesday, December 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $10.44.

Viavi Solutions Price Performance

VIAV stock opened at $10.08 on Tuesday. The company has a quick ratio of 3.31, a current ratio of 3.71 and a debt-to-equity ratio of 0.91. The company’s fifty day simple moving average is $10.08 and its 200 day simple moving average is $8.75. Viavi Solutions Inc. has a 12-month low of $6.60 and a 12-month high of $11.49. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of -59.29 and a beta of 0.92.

Viavi Solutions (NASDAQ:VIAV) last released its earnings results on Thursday, October 31st. The communications equipment provider reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. The business had revenue of $238.20 million during the quarter, compared to analysts’ expectations of $240.09 million. Viavi Solutions had a positive return on equity of 2.22% and a negative net margin of 3.78%. The firm’s revenue was down 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.05 earnings per share. On average, analysts expect that Viavi Solutions Inc. will post 0.19 earnings per share for the current year.

Insider Buying and Selling

In other Viavi Solutions news, SVP Luke M. Scrivanich sold 2,802 shares of the company’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $10.43, for a total transaction of $29,224.86. Following the transaction, the senior vice president now owns 54,517 shares in the company, valued at approximately $568,612.31. This represents a 4.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Masood Jabbar sold 15,000 shares of the firm’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $9.17, for a total transaction of $137,550.00. Following the completion of the transaction, the director now directly owns 213,514 shares in the company, valued at $1,957,923.38. This trade represents a 6.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 32,802 shares of company stock valued at $318,875 over the last ninety days. 1.52% of the stock is owned by corporate insiders.

Viavi Solutions Company Profile

Viavi Solutions, Inc engages in the provision of network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, government and avionics. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance.